Tax Cuts and Jobs Act

Characterizations of the Tax Cuts and Jobs Act have followed agendas – its opponents maintaining it is a bill for the wealthy, and its supporters arguing that the bill fairly satisfies all economic levels.

Opinion – It is really important that the Republican Party decorated its Tax Cuts and Jobs Act with the word “Jobs” because the GOP is going to sell this to their base using the magical thinking that giving a big tax cut to corporations is giving a big raise to workers. The idea is that you give more money to big businesses. The executives, in turn, will take that excess money and trickle it down onto their employees in the form of raises.